Honduras Foresees Lower Tax Revenue for 2009

For the first time this decade, the government adjusted tax revenue collection downwards from $2.43 billion to $2.27 billion.

Luis Rodrigéz, wrote in El Heraldo of Honduras: "The Ministry of Finance (SEFIN) planned to raise $2.430 million, however, that figure was reduced to $2.270 million after learning that customs revenues experienced a decline due to the reduction in the import of goods. Tax collection experienced an increase in the last three years. From 2006 to 2007, the increase was $362 million and from 2007 to 2008, tax revenues increased by $204 million."

The Directorate General of Revenue (DGI) of Nicaragua raised between January and June 2012 some $603 million, which is 21.15% more than in the same period in 2011.

The total revenue collected exceeded the target set in the General Budget of the Republic by 7% .

"According to research by the Strategic Planning Department of the DGI, the gross proceeds obtained shows a tendency to average annual growth of 21 percent when income from the first half of 2012 is compared to the same period last year.

In the first 10 months of 2011, tax revenues reached $4.723 million, 18.4% higher than in the same period in 2010.

The increase in revenue is due in part to a significant increase in the collection of Income Tax (32.9%).

"Pablo Urrutia, analyst from the Association for Research and Social Studies (ASIES in Spanish), thought that in addition to these figures and percentages, it would be necessary to look at other factors, such as prices and inflation. 'Even if more money has been collected, if you do not have better spending there is no real benefit, despite the fact that economic growth has increased’”, reports Siglo21.com.gt.

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